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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Mr Metals who wrote (12904)5/16/1998 10:30:00 AM
From: Henry Volquardsen  Read Replies (2) of 20681
 
Mr Metals,

Not exactly sure what the Desert Dirt theory is. But I don't classify Naxos as a desert dirt as they are not depending on the development of a proprietary extraction process. They are getting results from a conventional fire assay and are trying to prove a conventional reserve calculation. Naxos is more appropriately viewed as a junior exploration company, not imo a desert dirt. The question regarding Naxos is whether the results they are obtaining will be economically viable for conventional extraction. Not does their black box really work.

Henry
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